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Guangzhou R&F Properties Co (HKSE:02777) EBIT : HK$-7,459 Mil (TTM As of Jun. 2024)


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What is Guangzhou R&F Properties Co EBIT?

Guangzhou R&F Properties Co's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$591 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$-7,459 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Guangzhou R&F Properties Co's annualized ROC % for the quarter that ended in Jun. 2024 was -0.88%. Guangzhou R&F Properties Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 1.19%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Guangzhou R&F Properties Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was -5.91%.


Guangzhou R&F Properties Co EBIT Historical Data

The historical data trend for Guangzhou R&F Properties Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Guangzhou R&F Properties Co EBIT Chart

Guangzhou R&F Properties Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26,095.90 25,034.89 -11,108.66 -9,271.04 -9,313.81

Guangzhou R&F Properties Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4,635.49 -4,854.96 -1,263.85 -8,049.96 590.98

Competitive Comparison of Guangzhou R&F Properties Co's EBIT

For the Real Estate - Development subindustry, Guangzhou R&F Properties Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Guangzhou R&F Properties Co's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Guangzhou R&F Properties Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Guangzhou R&F Properties Co's EV-to-EBIT falls into.



Guangzhou R&F Properties Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$-7,459 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Guangzhou R&F Properties Co  (HKSE:02777) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Guangzhou R&F Properties Co's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=-1553.198 * ( 1 - -24.93% )/( (233823.12 + 204829.744)/ 2 )
=-1940.4102614/219326.432
=-0.88 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=366271.798 - 130559.499 - ( 1889.179 - max(0, 215517.475 - 247559.288+1889.179))
=233823.12

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=336099.182 - 129802.035 - ( 1467.403 - max(0, 214682.788 - 223385.256+1467.403))
=204829.744

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Guangzhou R&F Properties Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1181.954/( ( (48895.3 + max(54494.307, 0)) + (53769.608 + max(41430.959, 0)) )/ 2 )
=1181.954/( ( 103389.607 + 95200.567 )/ 2 )
=1181.954/99295.087
=1.19 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3675.848 + 197387.705 + 15829.473) - (130559.499 + 0 + 31839.22)
=54494.307

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3626.518 + 176500.182 + 14746.574) - (129802.035 + 0 + 23640.28)
=41430.959

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Guangzhou R&F Properties Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=-7458.982/126166.703
=-5.91 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Guangzhou R&F Properties Co EBIT Related Terms

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Guangzhou R&F Properties Co Business Description

Traded in Other Exchanges
Address
No. 10 Huaxia Road, 45-54th Floor, R&F Center, Pearl River New Town, Guangzhou, CHN, 510623
Guangzhou R&F Properties Co Ltd. is principally engaged in the development and sale of properties, property investment, hotel operations, as well as the provision other property development related services. The Company operates its business through four segments: Property Development, Property Investment, Hotel Operations and Others. The Company mainly focuses on mass residential property development projects on a variety of scales. The Company operates its business in domestic market and overseas markets.
Executives
Zhang Li 2101 Beneficial owner
Li Sze Lim
China International Capital Corporation (hong Kong) Limited 2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited 2105 Underwriter

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